As one steel industry executive noted, “Recent price volatility and greater disparity between domestic and foreign steel prices has resulted in more hedging of imports by commercial consumers of steel. Liquidity is building in CME Group’s steel and iron ore futures as more participants, especially service centers, step up to the plate and recognize there are hedging and arbitrage opportunities available. We’re especially encouraged by the growth of steel options, which is another sign of a healthy and liquid futures market.”

CME Group has also recently reported record volume in crude spread trading, crude futures trading, and gold futures trading.

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